Well, that worked out nicely, Nintendo...
Oh God, I'm so desperately waiting for the day consoles are free from the need to do all that jazz.
Also, I hope that in future emulation of current consoles (and ongoing) will be possible again.
AFAIK there are no 360 and PS3 emulators, which is sad, because one day those consoles will break and you might still want to play those games (exclusives that never made it to the PC platform).
But it's all against honest customers, for the sake of pseudo-limiting the bad folks.